Bitcoin Treasuries Go Big: $552M Buying Spree Counters $1.25B ETF Exodus

While Wall Street ETFs bled $1.25B in Bitcoin outflows this week, public treasuries doubled down—snapping up $552M worth of the dip. Who’s got diamond hands now?

Corporate hodlers vs. paper-handed funds

The numbers don’t lie: institutional players are playing hot potato with BTC, but blockchain balance sheets reveal public companies loading up their bags. MicroStrategy’s not the only whale in this feeding frenzy.

When ETFs zig, smart money zags

Traditional finance keeps treating crypto like a leveraged ETF trade—meanwhile, treasury teams are buying like it’s 2020 again. Guess someone forgot to read the ‘number go up’ memo.

Closing thought: Nothing triggers FOMO like watching CFOs out-trade hedge funds with a HODL strategy. The irony’s thicker than a Bitcoin whitepaper.

Supply shock

Despite the sell pressure from ETF holders surpassing the acquisition by publicly traded Bitcoin treasury vehicles, the BTC supply shrank significantly this year.

As of Aug. 4, public companies have bought 343,394 BTC, while Bitcoin investors exposed through ETFs have added 181,276 BTC. The combined amount of these two cohorts equals 524,670 BTC in practically seven months.

According to Glassnode data, 98,503 BTC were mined during the same period, over 5x lower than the amount absorbed by public companies and ETFs.

Notably, estimates point to a total of 164,250 BTC to be mined this year, which makes the stash of ETF investors and public companies more than 3x higher already, with more than four months to go.

Using Bitcoin’s price as a proxy, the supply shock scenario seems to be apparent to investors. Despite the recent macro turmoils, Bitcoin fell by only 4.2% last week.

Furthermore, BTC is still only 7.5% away from its all-time high of $122,054.86 registered on July 14.